Thames Water secures £3bn lifeline

Thames Water secures £3bn lifeline after court ruling
Thames Water has won a crucial High Court battle to secure a £3bn rescue loan, staving off the prospect of the debt-laden company coming under government control. The UK's largest water and waste company was set to run out of cash by the end of March and would have likely been placed into temporary nationalisation to keep services running.
UK's Thames Water wins approval for 3 billion pound debt lifeline
Britain's Thames Water secured court approval for a 3 billion pound ($3.8 billion) debt lifeline on Tuesday, warding off the collapse and state rescue of the country's biggest water supplier. The government had been on standby to put Thames Water,
Thames Water secures £3bn emergency loan to stave off collapse
Thames Water has staved off the immediate threat of nationalisation after a £3bn emergency loan was approved by the High Court.
Thames Water handed £3 billion lifeline by court to save it from financial collapse
Thames Water was handed a £3 billion lifeline today after the High Court approved its plans for an emergency restructuring. In a lengthy ruling Mr Justice Leech said the stricken utility could press ahead with the scheme,
Thames Water: debt lifeline provides relief but challenges remain
Thames Water, Britain's biggest water supplier with 16 million customers, secured a 3 billion pound debt lifeline on Tuesday, warding off nationalisation and giving it time to sort out its finances, boosting its chances of survival.
Why taxpayers could still face a bill for Thames Water despite £3bn lifeline
A rescue deal has been approved by the High Court, but as Sean O’Grady explains, the crisis at the utility is far from over
Thames Water ‘rewarded for years of mismanagement’ with £3bn emergency loan
Water worker and GMB activist Cliff Roney said Thames Water was being “rewarded for years of mismanagement and passing costs on to consumers with the right to rack up more debt, more interest, and more fees. “The government must urgently bring Thames Water into public ownership while protecting staff terms, conditions, and pensions.”
Thames Water £3bn rescue loan gets High Court approval
The UK’s largest water company, already straining under £19.5bn of debt, had sought court approval to borrow up to £3bn from its top-ranking creditors. The company has said that will give it breathing room to raise equity from new investors and renegotiate its debts.
UK's Thames Water wins court approval for 3 billion pound debt lifeline
Britain's Thames Water secured court approval for a 3 billion pound ($3.8 billion) debt lifeline on Tuesday, warding off the nationalisation of the country's biggest water supplier and giving it time to sort out its finances.
Thames Water handed £3bn lifeline by court to save it from financial collapse
Thames Water secured court approval for a £3billion debt lifeline on Tuesday, warding off nationalisation for the country's biggest water supplier.
Thames Water Emergency Rescue Loan Approved by London Judge
A London judge approved a crucial rescue loan for Thames Water, giving the utility some much needed breathing room while it continues to negotiate a restructuring with its lenders.
Judge reluctantly approves £3bn Thames Water rescue package but slams eye-watering amount paid to advisers
A JUDGE slammed the “eye-watering” £210million paid to advisers working on Thames Water after reluctantly approving a ...
UK's Thames Water lodges appeal to try to raise customer bills
British utility Thames Water lodged an appeal to the country's competition regulator on Friday, beginning a process to try to ...
Thames Water granted £3 billion reprieve by judge weeks before running out of money
Thames Water granted £3 billion reprieve by judge weeks before running out of money - Restructuring plan allows struggling ...